I don't think we're supposed to post FB links, but they have a page where they ostensibly track their bets. I have a hard time accepting this as legit: Are we to believe that these guys are expert enough on every sport known to man to make profitable wagers? It's incredibly hard to become knowledgeable enough in even one sport to turn a consistent profit.

Maybe 10% of gamblers are sharp enough to do it with any regularity, and maybe 1% are proficient enough to make a living at it. If these guys are that good, why do they need our money?

Nevertheless, let's assume this really is legit. The big problem I see is most of these markets are tiny compared to the financial markets. Even a big event like the Super Bowl is tiny compared to the NYSE, and most sporting events are a lot smaller than that. They'd quickly grow too big to be able to bet without killing the odds.

It's easy to make a slick youtube video. I'm betting (SWIDT?) this will end in a lot of people getting bilked, and the principles indicted and on the run.

I have a system during bowl season that's fun, and unless you have the worst luck on planet, fool proof. Starting with New Mexi bowl, bet $50. If you win, bet $50 on next game, if lose, bet $100. If win that game, back down to $50, if lose, $150 on next and so on. Usually I bet the favorite, only once in the past two years have I had to cover with a $300 bet,last year won $400 year before $250, but enjoyed watching every game. $1k is my loss ceiling should I get clobbered. But it's hard to lose 5 bowl games in a row. I'm sure it will happen and I'll be pissed, hopefully not until I win another $350 so it's even money or better over 'x' period of years.

quote:I have a system during bowl season that's fun, and unless you have the worst luck on planet, fool proof. Starting with New Mexi bowl, bet $50. If you win, bet $50 on next game, if lose, bet $100. If win that game, back down to $50, if lose, $150 on next and so on. Usually I bet the favorite, only once in the past two years have I had to cover with a $300 bet,last year won $400 year before $250, but enjoyed watching every game. $1k is my loss ceiling should I get clobbered. But it's hard to lose 5 bowl games in a row. I'm sure it will happen and I'll be pissed, hopefully not until I win another $350 so it's even money or better over 'x' period of years.

Martingale is the oldest and most deadly system known to man

try this on the "field" at a craps table ... at least you have the opportunity to hit a 2x-payout when your bets get big

quote:I want to live near a sports book. I cannot think of a better place to watch a sporting event, other than live, that there.

If you like watching people in the throes of depression as they hit rock bottom. Not saying everybody, or even most people there, are in that situation. But some assuredly are. I'm a gambler, I enjoy it and I do alright most of the time. But you can't overlook the fact that there's a dark side. And I'm afraid this so called hedge fund is going to draw some sick people into it.

quote:Are we to believe that these guys are expert enough on every sport known to man to make profitable wagers?

It may be easier than it sounds, what kills most people is the unwillingness to *not* bet. A serious analyst only puts down money on a handful of games.

That said, although according to the link you only pay out of profit (which is better than a hedge fund) that fee is 30% of profits - that's steep. And I'd want to know whether their claimed rate of return is net of fees, that wasn't clear.

A mild alarm bell is that they say they bet on the biggest events. I'd feel more comfortable if they bet on the lesser-known ones. But maybe they actually do and the talk about big events is just advertising.

I'm sure these people aren't picking winners. When you sports bet for a living, you are not picking winners. You have a stake in 10+ different books and bet opposite lines that are slightly off resulting in pure profit. Granted, the profit is most of the time very small, but if you do it every day, it adds up quickly.

For example- 5dimes had Peyton Manning over 2.5 TDs at -130 Peyton Manning under 2.5 TDs at +105

local bookie had Manning over 2.5 TDs at +140 Manning under 2.5 TDs at -160

Bet $1000 on 5dimes under at +105 to win $1050 Bet $1000 on bookie over at +140 to win $1400

He goes under you win $50. He goes over you win $400. Then there is another subject of arbing which creates equal return on both sides.

You can do that as an individual gambler betting a few hundred. These guys won't be able to lay down $10 million on Duke-UNC. Nobody will take that kind of action. And if they have any investors at all, they'll need to place a lot of bets to generate their return. I don't see how they can do it.

quote:quote: Also how do you get it on Vegas sports betting line? Can you do it online?

I'm not sure what you are askinghere

Let me clarify. When Vegas puts out odds for sporting events, who they do it for? Is that for people to go into casinos there and bet on these games? If you are not in Vegas, is there anyway to get in in that action? I am a newb when it comes to sports betting and am not familiar how any of this works.